When is the best time to buy a vacation rental in Destin? 3 Reasons it's Now

Are you considering an investment property in the Destin, Miramar Beach, or 30A area? Some investors are questioning whether to buy now or wait until the market cools. Our team of real estate experts agree that there is no reason to wait. Here are the top 3 reasons to purchase an investment property or second home in the Destin area now:

1. Strong domestic travel keeps Destin real estate market demand high year-round

Since the pandemic, there has been a nationwide re-discovery of our own country’s natural beauties—including the sugar white sand beaches and crystal clear waters of the Emerald Coast. With domestic travel expected to continue rise in the coming years, the Destin real estate market is not expected to slow down anytime soon, and investing in property near some of the most beautiful beaches in the United States will remain a strong financial investment. 

2. Destin real estate market appreciation 

Our beaches and coastal dune lakes aren’t the only things unique about Destin, Miramar Beach and 30A. The Destin to 30A area market has proven to remain resilient through both economic downturns and natural disasters while continuing to appreciate significantly year-to-year. Newman-Dailey Realtor, Julie Walck, reflects on her personal experience investing in this market:

“My husband grew to hate the cold Midwest winters.  He was ready to make a move right away, but I was not on board until about five years later.  Had I listened to him sooner we could have purchased a home in Miramar Beach for about $100,000 less than we ended up paying. Lesson learned, do not drag your feet when it comes to making a move.  And today, our purchase has already doubled in value from what we paid.”  

“Then about two years ago, I wanted to buy a one bedroom condo in Maravilla.  We could have purchased it for $185,000, but my husband was not in favor as he did not think the rental income would justify the price. Today, that same unit is selling for about $315,000.  With vacation rentals in high demand, I am certain it would have been a money-maker. Do not second guess a purchase when the Realtor spouse recognizes the potential in a property.” 

3. Low interest rates

Though we have seen a rapid appreciation since 2019, interest rates have remained low. While rates hovered around 3 percent for much of 2021, economists are forecasting a possible increase in 2022, which could bring them closer to 3.5% before the end of next year according to the National Association of Realtors. While that’s still low by historical standards, the record setting days are likely behind us and we’ll begin to see a gradual climb over the coming years. For those who wish to finance their real estate investment, buying now and taking advantage of the extremely low interest rates is definitely more advantageous than waiting.   

Win-Win

As they say, trust experience. Our dream team wants to use their knowledge and experience to help create a winning partnership and strategic investment for you and your family. We invite you to schedule a no-strings-attached appointment with one of our experienced Real Estate Agents to discuss your opportunity for investing in property along Northwest Florida’s Gulf Coast. Don’t wait for someone else to sleep in your dream investment property, call us today at 850-837-1071 or view recent listings online. To learn more about our team, click here.

Plan Your Next Trip to Destin

Whether you’re coming to buy a property or just need a beach vacation, we invite you to view our collection of Destin vacation rentals online and start planning your next trip to the beach.

See you @ the beach.